PVE po valley energy limited
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re: Ann: Po Valley to Complete and Test Vital... my guess right...

  1. nk
    3,205 Posts.
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    06/12/11
    10:56
    Post #: 9397153
    re: Ann: Po Valley to Complete and Test Vital... my guess right now subject to flow testing is it could produce 500mcfpa, about half Sillaro

    we shall see

    if it does it generates about $5million cash flow pa at current gas prices

    IF in 12 months they link in Bezzecca the field could be producing $10 to $12million cash flow pa for a few years at current gas prices

    a lot of IF's

    but that is the upside

    downside they need to raise cash to pay the ongoing devleopment CAPEX for the other fields if this well is a dud, which I dont think it is.
    PVE Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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